TEUCRIUM WHEAT FUND ETV - Daily - Technical analysis published on 10/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 8.88 USD
My targets
8.29 USD (-4.82%)
7.71 USD (-11.48%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on TEUCRIUM WHEAT FUND ETV as long as the price remains well below 8.88 USD. The next bearish objective for sellers is set at 8.29 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 7.71 USD. If there is any crossing, the next objective would be the support located at 7.25 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.5
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Additional analysis
Quotes
The TEUCRIUM WHEAT FUND ETV rating is 8.71 USD. The price registered an increase of +1.52% on the session and was between 8.62 USD and 8.73 USD. This implies that the price is at +1.04% from its lowest and at -0.23% from its highest.8.62
8.73
8.71
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TEUCRIUM WHEAT FUND ETV in Daily shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.25 | 7.71 | 8.29 | 8.71 | 9.69 | 10.69 | 11.17 |
| Change (%) | -16.76% | -11.48% | -4.82% | - | +11.25% | +22.73% | +28.24% |
| Change | -1.46 | -1.00 | -0.42 | - | +0.98 | +1.98 | +2.46 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.53 | 8.58 | 8.64 | 8.69 | 8.75 | 8.80 | 8.86 |
| Camarilla | 8.68 | 8.69 | 8.70 | 8.71 | 8.72 | 8.73 | 8.74 |
| Woodie | 8.55 | 8.58 | 8.66 | 8.69 | 8.77 | 8.80 | 8.88 |
| Fibonacci | 8.58 | 8.62 | 8.65 | 8.69 | 8.73 | 8.76 | 8.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.72 | 8.22 | 8.49 | 8.99 | 9.26 | 9.76 | 10.03 |
| Camarilla | 8.54 | 8.61 | 8.68 | 8.75 | 8.82 | 8.89 | 8.96 |
| Woodie | 7.60 | 8.16 | 8.37 | 8.93 | 9.14 | 9.70 | 9.91 |
| Fibonacci | 8.22 | 8.52 | 8.70 | 8.99 | 9.29 | 9.47 | 9.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.17 | 7.65 | 8.40 | 8.88 | 9.63 | 10.11 | 10.86 |
| Camarilla | 8.81 | 8.93 | 9.04 | 9.15 | 9.26 | 9.38 | 9.49 |
| Woodie | 7.31 | 7.72 | 8.54 | 8.95 | 9.77 | 10.18 | 11.00 |
| Fibonacci | 7.65 | 8.12 | 8.41 | 8.88 | 9.35 | 9.64 | 10.11 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.22 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.67 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 8.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.32 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 8.38 | |
| Zig ZAG (10): | 8.71 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 12.71 | |
| TEMA (21): | 8.80 | |
| Williams %R (14): | -81.44 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | -1.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 4.19 |
| MA7: | 8.77 | |
| MA20: | 8.91 | |
| MA50: | 8.64 | |
| MA100: | 8.94 | |
| MAexp7: | 8.76 | |
| MAexp20: | 8.84 | |
| MAexp50: | 8.80 | |
| MAexp100: | 8.93 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -2.24% | |
| Price / MA50: | +0.81% | |
| Price / MA100: | -2.57% | |
| Price / MAexp7: | -0.57% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | -1.02% | |
| Price / MAexp100: | -2.46% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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